GMATPrep Question

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mchen01: Newbie | Next Rank: 10 Posts; Posts: 9; Joined: Sat Nov 24, 2007 3:08 pm

by mchen01 » Mon Nov 26, 2007 7:53 pm

Hey guys,

Can someone give me a hand?

This one is simple... but why do I think the answer is 60$?

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Source: Beat The GMAT — Problem Solving | Mon Nov 26, 2007 7:53 pm

syv11: Senior | Next Rank: 100 Posts; Posts: 46; Joined: Fri Nov 23, 2007 1:36 pm

by syv11 » Mon Nov 26, 2007 8:03 pm

Selling Price = Purchase Price + 40% * Selling Price
0.6* Selling Price = 150
Selling Price = 250
Gain: 250-150=100

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mchen01: Newbie | Next Rank: 10 Posts; Posts: 9; Joined: Sat Nov 24, 2007 3:08 pm

by mchen01 » Mon Nov 26, 2007 8:34 pm

Thanks dude. I misinterpreted the question!

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